Author(s):
International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
01
August
1992

ISBN: 9781451966480

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, inclu...

Author(s):
International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
01
August
1992

ISBN: 9781451966480

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, inclu...

Author(s):
International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
01
August
1992

ISBN: 9781451966480

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, inclu...

Author(s):
International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
01
August
1992

ISBN: 9781451966480

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, inclu...

Policymakers' uneasiness about granting independence to financial sector regulators stems to a large extent from the lack of familiarity with, and elusiveness of, the concept of accountability. This paper gives ope...

Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
01
March
2009

ISBN: 9781451872149

This paper evaluates what type of models can account for the recent episodes of output drops in Latin America. I develop an open economy version of the business cycle accounting methodology (Chari, Kehoe, and McGra...

Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
21
December
2012

ISBN: 9781475535761

Views on the effectiveness of sterilized reserve intervention vary. Sterilized intervention is generally seen as ineffective in advanced countries while persistent intervention by some emerging markets is often cit...

Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
01
April
2008

ISBN: 9781451869576

Official accumulation of foreign reserves may be perceived as interventions to influence the exchange rate, undermining the credibility of floating exchange rates and inflation targets. This paper develops a theore...

Series: IMF Working Papers

Author(s):
Daniel Leigh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
01
March
2008

ISBN: 9781451869316

This paper utilizes an open-economy New Keynesian overlapping generations model to assess the extent to which fiscal policy, along side an inflation-forecast-based monetary policy, could enhance macroeconomic stabi...

ISBN: 9781455218950

Using newly-constructed data covering the last decade, we document that, in most of forty markets, when added to the main index, firms' returns experience an increase in comovement with the rest of the index, refle...